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Lynchburg Housing Market Stats

As of 2008, the rental vacancy rate in Lynchburg stood at 5%, relatively low compared to the rest of the country. There are about 107,776 housing units, averaging $144,100 in value, 27% of which are occupied by renters. The rent to price ratio in Lynchburg is 0.4%, slightly higher than the Virginia average. For 15% of Lynchburg tenants, 30% or more of their income goes to paying rent.

Lynchburg Demographic Info

Lynchburg has a population of 242,513, comprised of 96,504 households, with on average 2 members per household. Out of approximately 123,423 people in the civilian workforce, 117,098 (95%) were employed in 2008. 82% of the population 25 and older has earned a high school diploma, with 21% holding a 4 year college degree.